Real estate in Bengal sores as Ambuja Neotia invest over ₹14,200 across housing, golf township, and hospitality
The Hindu
West Bengal real estate market thrives with major investments announced at Bengal Global Business Summit, boosting growth and development.
The West Bengal real estate market got a major boost after investments were announced in this sector at the 8th edition of the Bengal Global Business Summit (BGBS), which wrapped up on February 7. These developments will include the first ever international-standard golf township in the State.
Ambuja Neotia Group, one of East India’s leading business conglomerates announced over ₹14,200 crores in various sectors of real estate development including hospitality, commercial and residential developments. ₹6,500 of this will be directly invested in residential and commercial real estate, ₹5,000 in a golf-themed township, and ₹2,700 in hospitality and tourism.
The 240-acre golf township project will include 18-hole golf course, golf-view villas, apartments, a golf hotel, a clubhouse, and premium lifestyle amenities and the preliminary developments of it have already started.
During his speech at the recent event, Harshavardhan Neotia, Chairman of Ambuja Neotia Group noted that the Government of West Bengal has helped sustain a business-friendly environment in the State and highlighted the strategic advantages of the area including skilled workforce, growing infrastructure, and proximity to Asian markets.
The Neotia group has nine large-scale real estate projects in progress in the State and 10.5 million sq. ft. of built space across residential and commercial sectors over the next four to five years which will significantly boost the markets in this region.
They are also set to make the first golf-themed township and invest in hotels and hospitality businesses across the State.
“Bengal has always been our home and our karmabhoomi. We are committed to its growth and development, and these projects will create new opportunities, enhance infrastructure, and strengthen Bengal’s position as a business and tourism hub,” said Mr Harshavardhan Neotia.
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